The new minimum wage in Canada's five provinces is expected to go into effect in the first quarter of 2024 or later.
The Nun**ut regional minimum wage will come into effect on January 1, 2024
Nunavut** will raise the minimum wage from $16 to $19 per hour on January 1, 2024.
The Nunavut minimum wage was last raised on April 1, 2020, from $13 to $16 per hour.
A new minimum wage for federal regulators in Canada
The new minimum wage for the federally regulated private sector will also be revised on April 1, 2024, to reflect Canada's Consumer ** Index (CPI) for 2023.
Canada's current federal minimum wage is $16 per hour$65, revised April 1, 2023, based on the 2022 CPI, previously $15. per hour$55 CAD.
The federally regulated private sector includes employees and Xi in the federally regulated business sector, such as banking, postal and courier services, as well as interprovincial air, rail, road and maritime transport.
The next pay increase will take place on April 1, 2024, and is expected to be $17 per hour after the end of the first quarter of 2024Around $17 CAD.
This calculation is based on the 12-month moving average CPI of 31%。
Nova Scotia's new minimum wage
Based on the current rate of inflation, Nova Scotia's minimum wage is expected to increase by 41%。
Nova Scotia has a minimum wage that is adjusted on April 1 of each year based on inflation plus 1%.
As a result, wages for Nova Scotians are expected to increase from the current $15 per hour to $15 per hourAround $60 CAD, effective April 1, 2024.
New minimum wage in Prince Edward Island
The minimum wage in Prince Edward Island is scheduled to be raised to 15 per hour on April 1, 2024$40 CAD.
Previously, the minimum wage for PEI increased from 14 per hour on October 1, 2023$50** to $15, and the minimum wage will rise to $16 per hour on October 1, 2024.
New Brunswick minimum wage
New Brunswick is also expected to revise the province's minimum wage based on the Consumer ** Index (CPI).
Currently, the minimum wage in New Brunswick is $14 per hour$75, up from $13 per hour on April 1, 2023CAD 75.
New Brunswick's new minimum wage is expected to rise to around $15 per hour on April 1, 2024.
Yukon Minimum Wage**
The Yukon will also raise the minimum wage on April 1, 2024, based on the annual inflation rate.
Currently, the minimum wage in Yukon is $16 per hour$77 CAD, which is expected to increase to $17 per hour on April 1, 2024Above $62 CAD.